Why does TA not work (for you)?

Quote from TheBlackHand:

So, lets start where we all agree:

TA shows the activity of buying and selling in a market. It shows human behaviour patterns - whether that behaviour was carried out by an individual, or a view was expressed through an algorithm.

In other words, the chart shows the aggregate of human behaviour.

Now, this is where the fun begins....

Think of all the other human behaviours that can be recorded and thus displayed on a chart.

Sales of a companys products for example show buying behaviour...
Political Polls...
Countless other opinion and marketing surveys...
Psychological reports...
Crime statistics...
etc, etc.... The list is endless.

THEY ALL SHOW MANS BEHAVIOUR TO THE WORLD AROUND HIM. Just like the market.



All a chart is good for is seeing if price is going in 1 of 3 directions - oh and for taking money off others who use it for anything else.

You decide.....
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all you have to do is look at the how fucked up humans are from the brightest money managers (bernanke,paulson...)to the dumbest,(madoffs cuxtomers..)state the worlds in, number of wars going on at any given time,and you can see how greed is a driving force,it's not complicated because human behaviour is a revert to the mean phenomena and its all there on the chart,you have to stand back and look at the big picture then narrow it down
 
Quote from TheBlackHand:

Hey folks, good news!!

The thread has reached its conclusion through events on another similar thread:

http://www.elitetrader.com/vb/showthread.php?s=&postid=3603365#post3603365

THE TA DIE HARD ADMITS TA CAN NOT BE TESTED.

If TA cant be tested, how can one claim it to work?

Duuuh!

THREAD FINISHED



I WIN, YOU LOT LOSE!!!!


THREAD CLOSED

It was fun. Thank you.



:p
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Wow, I am surprised and bewildered at the admission by one of elite's high priests of TA. High Priestess NoDoji admits that intuition and skill are key to TA success, Nihabi says TA doesn't work without money management and other talents, now Rasholiski admits it cant be tested.

Sounds like even the hard core admit the reality of TA. unreal! But i am impressed with the honesty.

surf
 
Quote from ammo:

TA works and you know it, you are just having trouble programming it,try making an index using the djt , ,spx and an interchangeable outlier like the eur usd..not saying it will be programmable but using it as a discretionary trading method,it works, as well as many other discretionary methods,all using some form of technical analysis,purely non technical trading is a myth ,you also know that ,along with the mythical coin flip argument,the only possible non technical trading would be without a screen ,a phone or an acct and you could just trade in your head,it would be tough because you wouldn't have a market to gauge it against because that is brought to you thru technical analysis, the mathematical total of the weighted indexes
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Quote from TheBlackHand:

So, lets start where we all agree:

TA shows the activity of buying and selling in a market.
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Wrong with the very first sentence. TA doesn't show that activity, price and volume charts show that activity. The purpose of TA is to derive trading signals from price activity and/or volume activity.

You don't understand TA yet you think you can judge all of it. Sad.
 
Quote from kut2k2:

Wrong with the very first sentence. TA doesn't show that activity, price and volume charts show that activity. The purpose of TA is to derive trading signals from price activity and/or volume activity.

You don't understand TA yet you think you can judge all of it. Sad.
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Whats sad is your apparent inability to count from 1 to 2.

My first sentence that you quoted was in fact 'Lets start where we all agree' or similar. The following sentence was my second sentence, not my first.

That is what is sad. No wonder you rely on charts so much, as numbers seem to confuse you! LOL



:D
 
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